Taking immediate steps to comply with RBI directions: Paytm Payments Bank
Image Credit: shortpedia
Paytm Payments Bank on Saturday said it is taking immediate actions to comply with the direction of the Reserve Bank of India which has barred the company from opening new accounts amid "material supervisory concerns". This is the third time that Vijay Shekhar Sharma-promoted Paytm Payments Bank (PPBL) is facing action from the banking regulator since its inception in May 2017.